Milei Threatens Falkland Oil Firms With Sanctions 
Volkswagen Approves 50,000 More Job Cuts in Major Restructuring 
Xiaomi Shares Jump on Europe EV Expansion Plan 
OpenAI Launches GPT-6 Astra With Advanced AI Agent Capabilities 
Lenovo Shares Fall After Dropbox Security Breach Exposes ID Vulnerability 
MongoDB Stock Sinks 14% as Atlas Growth Misses Expectations 
Anthropic Nears $15 Billion Credit Deal Ahead of IPO 
Fast Retailing Shares Drop as Uniqlo Japan August Sales Fall 
BP Names Ian Tyler Permanent Chairman After Governance Shake-Up 
Tesla Cybercab Launch Puts Robotaxi Ambitions in Focus 
Adobe Names Anil Chakravarthy CEO as AI Push Accelerates 
Thomson Reuters C-Track Cyberattack Hits Courts Across U.S. and Canada 
Honda Targets $9.4 Billion in Cost Cuts as China EV Competition Intensifies 
SpaceX Turbine Push Unlikely to Threaten Howmet, Bernstein Says 
South Korea, US Discuss Chip Investments Amid Tariff Plans 
Qantas Near-Miss Raises Sydney Air Traffic Controller Fatigue Concerns 
Audi, SAIC Launch China Innovation Hub for New AUDI Models 
Add as a preferred source on Google
TULSA, Okla., March 01, 2018 -- AAON, Inc. (NASDAQ:AAON), closed on the purchase of substantially all of the assets of WattMaster Controls, Inc. ("WCI") on February 28, 2018. The assets acquired consist primarily of intellectual property, receivables, inventory and fixed assets. AAON funded the acquisition with cash on hand. WCI has been a long-time supplier, primarily of controls, to the Company. The Company also entered into a lease for the facility in Parkville, Missouri previously occupied by WCI, that AAON will utilize to operate this addition to its business. The Company hired substantially all of the WCI employees.
Gary Fields, President, and Norman H. Asbjornson, CEO, stated, "We are very excited about this strategic addition to our business. This acquisition allows us to quickly bring in-house the expertise and knowledge needed to accelerate the development of our own controls, which we believe to be an integral part of our continued efforts to improve our products and increase our customer satisfaction."
About AAON
AAON is engaged in the engineering, manufacturing, marketing, and sale of air conditioning and heating equipment consisting of standard, semi-custom, and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, condensing units, makeup air units, energy recovery units, geothermal/water-source heat pumps, and coils. Since the founding of AAON in 1988, AAON has maintained a commitment to design, develop, manufacture and deliver heating and cooling products to perform beyond all expectations and demonstrate the value of AAON to our customers. For more information, please visit www.aaon.com.
Contact: Eric Taylor
Phone: 918-583-2266
Email: [email protected]
